Prince's 'Purple Rain' coat is up for auction -- find out the asking price!

A black-and-white blazer with leather sleeves worn by the legendary musician in his classic 1984 film, Purple Rain, will be put up for auction in June, according to The Associated Press. The announcement comes just a week after Prince died at the age of 57.

"It's definitely the most important piece of screen-worn Prince clothing that's ever come up for auction," Profiles in History auction house's president, Joe Maddalena, said. "This is a signature piece of wardrobe worn from an iconic movie in his most famous role."

"Prince memorabilia in general, it just really doesn't exist. It seems like he controlled it all," Maddalena explained, noting a makeup artist on the film was apparently gifted the jacket by Prince himself. "This is the first time ever for something like this, and it might be the only time."

The auction will take place June 29 and will also include memorabilia from other legends -- including a Swarovski crystal-studded glove worn by Michael Jackson during his "Dangerous" tour -- but the coat is expected to be the "star of the show."

PHOTOS: Prince through the years

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Prince through the years

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Prince's 'Purple Rain' coat is up for auction -- find out the asking price!

FILE - In this Monday, June 2, 2014, file photo, U.S. pop singer Prince watches the fourth round match of the French Open tennis tournament between Spain's Rafael Nadal and Serbia's Dusan Lajovic at the Roland Garros stadium, in Paris. Prince announced on Monday, Aug. 25, 2014, that he would release a new album entitled, 'Art Official Age' on Warner Bros. Records, the label Prince was signed to from 1978 to the mid-1990s, but later battled for the rights of his music. (AP Photo/Michel Spingler, File)

LONDON, ENGLAND - FEBRUARY 19: Prince presents the award for British Female Solo Artist at The BRIT Awards 2014 at 02 Arena on February 19, 2014 in London, England. (Photo by Ian Gavan/Getty Images)

LONDON, ENGLAND - FEBRUARY 19: Prince and Ida Nielsen, Hannah Ford Welton and Donna Grantis of his band 3rdEyeGirl present an award at The BRIT Awards 2014 at The O2 Arena on February 19, 2014 in London, England. (Photo by Samir Hussein/Redferns via Getty Images)

Prince Rogers Nelson is better known as just Prince and is pictured where is spends a lot of his time; on concert stage around the world. Denmark 2013. (Photo by: PYMCA/UIG via Getty Images)

As dozens of singers perform "We Are The World" on the 10th anniversary of the African famine relief anthem, the artist formerly known as Prince, left, stands sucking on a lollipop next to Quincy Jones, at the American Music Awards in Los Angeles, January 30, 1995. (AP Photo/ Reed Saxon)

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So, how much will it cost to take the Purple Rain blazer home with you?

The asking price is $6,000 to $8,000, but Maddalena predicts it will ultimately sell for "much more" in the wake of the "Little Red Corvette" singer's death.

Prince was found dead in an elevator at his Paisley Park estate in Chanhassen, Minnesota, on April 21. Law enforcement sources confirmed to CBS News on Wednesday that prescription drugs were found in Prince's possession and at his home at the time of the music icon's death.